In the first half of 2024, Pakistan has become the largest importer of Chinese solar modules in Asia, bringing in 10,450 MW. This surge reflects a broader trend in the global solar market, where China set a new record by exporting 120,427 MW of solar capacity during the same period. The dramatic increase in exports is largely attributed to significant price cuts by Chinese manufacturers.
Although the Netherlands continues to be the top individual market for Chinese solar exports, Europe’s overall share has declined. In contrast, South Asia has seen a notable uptick in solar module imports from China, with India also experiencing substantial growth.
Despite facing obstacles in European and North American markets, China’s aggressive pricing strategy and impressive export numbers highlight the robust prospects for its solar industry. This rise in solar module imports signals a growing global demand for renewable energy, emphasizing the critical role of cost-effective solar solutions in meeting energy needs.
China’s dominance as a leading exporter of solar technology is increasingly evident, with Pakistan and India emerging as key players in the expanding renewable energy market.